Charge a Police Officer in the killing of an unarmed teenager. We will be live on the ground in ferguson. Welcome to countdown. It is 6 00 here in london on this Tuesday Morning. Not going to rush. That is the message from one of the key figures as the European Central bank speaking exclusively to bloomberg. He says the ecb will look at all the options to try to stimulate europes economies by buying new assets. He told Francine Lacqua that asset purchases would be up for discussion at the banks december meeting. We are ready to do more if needed. We will be watching the situation extremely carefully. We have been discussing it and there is unanimous agreement in the council that there will be situations where we would have to do more. The market interpretation is now you feel more comfortable doing more than you did weeks ago. Is that fair . I think we do remain dependent on the data. We have to watch the economy wey carefully and understand are not going to rush to a new decision with
Live from bloomberg you are froming the pulse live Bloomberg European headquarters in london. Francine lacqua is off today. Let me tell you about the data crossing as we speak. The number coming through at one end. 6, that is slightly ahead of expectations. Let me show you a little shot of eurodollar. This is what is happening in the last few minutes. Catching a bid before that number came out. We are 1. 3704 but we have extended that move. We are up by 0. 2 on the day. That is the economic news. Let me move you through to some of the Corporate News we are watching today. Our top story, at t ending speculation for now that it is looking to buy vodafone. Sayinge saying at t it has no plans to make a takeover. We have learned that john malones Liberty Global has agreed to buy the dutch broadband provider ziggo. Thats get more on both of the stories with hans nichols in berlin. Hans, lets kick off with at t. It has been a remarkable morning. At t is down 5 i believe. Lets walk through the
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
In Australia, the latest update on Westpac-MI Consumer Sentiment was somewhat discouraging. February’s gain, initially viewed as a tentative sign of a recovery in confidence, has largely reversed over March and April, the headline index declining 1.8% then 2.4% to 82.4 in April, just above the average of the six months to January (81.0). Australian consumers are experiencing one of the most drawn-out cycles of deep pessimism in the past fifty years, second only, since the survey began in the 70s, to the sharp economic recession of the early 1990s.
All eyes turn to US March CPI today. Fed’s Bostic late yesterday reiterated he expects a slow pace of disinflation for the remainder of 2024. It’s key in his projection of only one rate cut this year. Bostic didn’t rule out the possibility of that one cut being moved out further in time, implying no rate cuts at all in 2024.